RE: Let's Chat #2 What Coins Do you HODL?
Thank you for the insightful answer and advice. $100 Steem would be absolutely crazy, I would love that for sure! For now I think it's safe to say that it's going to stay over $5 and is probably going to break $10 relatively soon. But we'll see when :) I live in a country that's in a similar bracket with yours but still a bit cheaper - Bulgaria.
On one hand, I know there are certainly other coins of value, on the other hand, I'm not sure I have the patience to research them while I have something that really fits me like Steem. I don't fancy myself a person with trader potential so I would rather keep it safe and simple. Still, if I had dug up into coins earlier, I would know more about converting a bit of steem into fiat and would have a bittrex account since they are not currently accepting new signups.
Exactly my thoughts.
Then go for PoS coions. PoS allows you to stake your coins to mine instead of buying hardware to do it.
Smartcash is a good option as it pays out 5-7% per month if you got more than 1000 SMART in your wallet and that's pretty nice + it has a big potential to grow as a currency.
Another good PoS coin is ColossusCoinXT I wrote about couple of days ago and its only 1.5 cents per coin :)
So you just get the coins and wait a year or two, come back and see the coins up 500x and you stacked up some nice passive profits from PoS alone :)
Bittrex isn't accepting new accounts any more? Just don't go to Poloniex as they were having a hard time paying out people that transfered steem/SBD there.
Thanks for the advice, I appreciate it.
Yes, Bittrex stopped accepting signups in December. It was a very unpleasant surprise now when I registered. The way I see it, since Poloniex is so unreliable, I have only two options - blocktrades and Bulgarian steemians looking to power up with cash. I'll have to figure something out.
Try finding Bulgarians to exchange as blocktrades takes about 5% or more in fees
Well, fees are everywhere, I'll surely have to pay some or make the person willing to trade for cash at least a bit of discount.
There are almost no fees on bittrex :)
Oh, yeah, rub it in :P It's kind of frustrating that I can't get in on the action there.